For Immediate Release

Chicago, IL – January 11, 2013 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Best Buy Co., Inc. (BBY) and J.C. Penney Company, Inc. (JCP). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: The Fresh Market Inc (TFM) and KAR Auction Services Inc (KAR).

To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why BBY and JCP have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

Best Buy Co., Inc. (BBY) announced third -quarter profit of 3 cents per share on November 20 which came behind the Zacks Consensus Estimate by 9 cents. The diluted earnings per share also fell by 93.62% on a year-over-year basis. The Zacks Consensus Estimate for the current year slipped 3 cents per share to $2.45 in the last 30 days. Next year’s estimate also dipped 5 cents per share to $2.19 per share in that time span.

J.C. Penney Company, Inc. (JCP) posted a third -quarter loss of 93 cents per share on November 12, which came in $1.01 wider than the average forecast. The Zacks Consensus Estimate for 2012 fell to a loss of $1.30 per share from $1.08 over the past month with 3 out of 9 covering analysts slashed forecasts. Next year’s forecasts slipped 23 cents to a loss of 5 cents per share in the same time span.

Here is a synopsis of why TFM and KAR have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

The Fresh Market Inc (TFM) third -quarter profit of 23 cents per share, posted on November 28, lagged analysts projections by nearly 11.54%. For 2012, the Zacks Consensus Estimate moved down 3 cents in the last 60 days as none out of the 15 covering analysts cut back on forecasts. The forecast for next year slid 5 cents to $1.69 per share in the same time span.

KAR Auction Services Inc (KAR) reported a third-quarter profit of 19 cents per share on November 7, that fell 24.0% short of the Zacks Consensus Estimate. The full-year average forecast is currently pegged at 90 cents per share, compared with the last 60 days projection of 92 cents. Next year’s forecast dropped 3 cents per share in the same period.